Cytonics

Cytonics

Growth Stage

Developing diagnostics and therapeutics for osteoarthritis

Developing diagnostics and therapeutics for osteoarthritis

Overview

Raised to Date: Raised: $4,667,638

Total Commitments ($USD)

Platform

SeedInvest

Start Date

07/09/2020

Close Date

04/30/2021

Min. Goal
$1,500,000
Max. Goal
$19,000,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Series C

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$46,701,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$15,876

# of Investors

2,550

Momentum
Funded
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Year Founded

2006

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

Jupiter, Florida

Business Type

Growth

Cytonics Corporation, with a pre-money valuation of $46.7 million, is raising funds on SeedInvest through Reg A+ crowdfunding. The company is a leader in regenerative medicine and has developed innovative therapies for musculoskeletal diseases like osteoarthritis. Cytonics has created an Autologous Platelet Integrated Concentration system concentrating A2M from patients’ blood to treat their own damaged joints. Cytonics Corporation was founded by Gaetano Scuderi and has raised over $15 million in previous rounds of financing. The current round of funding has a minimum raise of $1,500,000 and a maximum raise of $19,000,000, and the funds will be used for GMP production of CYT-108, GLP pre-clinical animal study, Phase 1 human clinical trial, and Phase 2 human clinical trial. Cytonics Corporation has already initiated a pilot pre-clinical study for its lead drug candidate CYT-108 in 2019. It is a biologic therapy modeled after the naturally occurring A2M molecule found in the blood.

Balance Sheet

Cash and Cash Equivalents

$537,592

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$18,417

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$1,056,608

Accounts Payable & Accrued Liabilities

$157,633

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$1,061,904

Total Liabilities

$1,219,537

Total Stockholders' Equity

$-162,929

Total Liabilities and Equity

$1,056,608

Statement of Comprehensive Income Information

Total Revenues

$365,169

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$1,119,923

Total Interest Expenses

$0

Depreciation and Amortization

$28,823

Net Income

$-976,922

Earnings Per Share - Basic

$-0.10

Earnings Per Share - Diluted

$-0.10

Auditor: D. Brooks and Associates CPA's, P.A.
Financials as of: 07/09/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Cytonics 04/28/2024 StartEngine $65,792,080 $2,799,507 Equity - Preferred Active RegCF
Cytonics 03/30/2023 Dealmaker Securities $58,915,995 $1,695,868 Equity - Preferred Funded RegCF
Cytonics 10/13/2022 SeedInvest $58,915,996 $2,633,766 Equity - Preferred Funded RegCF / RegD 506(c)
Cytonics 04/29/2021 SeedInvest $46,701,000 $4,667,638 Equity - Preferred Funded RegA+
Cytonics 05/17/2019 SeedInvest $32,400,000 $494,344 Convertible Note Funded RegCF / RegD 506(c)
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Cytonics Corporation on SeedInvest
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $46,701,000
Price per Share: $2.00

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